EM-2394
Rate and average speed
E Math · Secondary 4 · Medium · Rate and average speed
A car has a cost price of \$96 000. A bank offers a simple interest car loan at 2.5% per year for 6 years.
If the buyer borrows 70% of the cost price, what is the total interest payable on the loan?
If the buyer borrows 70% of the cost price, what is the total interest payable on the loan?
- \0 080
- \$4 032
- \4 112
- \6 800
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